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Their own payment-practices filing · gov.uk

How long does Michael I Holdsworth Limited take to pay its suppliers?

CRN 02027459 · Wholesale & retail trade · 13 statutory reports on record · period to 28 Feb 2026

38days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
12 Jun 1986
Registered office
MANCHESTER ROAD, TIDESWELL, DERBYSHIRE, SK17 8LN
0 outstanding charges on the register Accounts due 30 Nov 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 7 days. Reported average: 38.

Stated terms7d
+31 days
Reported avg38d

At a glance

The key figures

7d
their stated terms
11%
invoices paid outside terms
±1d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 52% of the 819 large companies reporting in wholesale & retail trade.

The pattern

Holding steady

Average days to pay across their last 6 statutory reports.

terms 7d
40
39
39
39
37
38
H1 2022H1 2022H1 2023H1 2023H1 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 32% 31–60 days 63% 61+ days 5%

The read · computed from their figures

Michael I Holdsworth Limited has filed 13 statutory payment periods (earliest H1 2018). Their latest report puts the average at 38 days against stated terms of 7 days.

The pattern is steady — their reported average moves within about ±1 days period to period.

In the latest period 11% of invoices were paid outside their agreed terms, and 5% landed 61+ days out.

What they tell their suppliers

11% of invoices in dispute

In their own words · from the filing

Standard payment terms

30 days End of Month

Dispute resolution

During invoice processing it will be determined if there is a dispute with theinvoice ie., incorrect prices, short deliveries, none deliveries, wrong goodsdelivered, damaged goods delivered, return of goods or goods need returning,as Holdsworth did not order the goods delivered Holdsworth email/write andphone the suppliers to request credit notes or collections With large suppliersand suppliers that have their head office outside the UK, this can make ourdisputes process a very lengthy process – much to our detriment.

Other information

We have weekly payment terms for local suppliers and small businesses Wehave a 20th of the month following month of supply We have an End of themonth following the month of supply We part pay our Rates bills over 306daysby direct debit We have special terms and pay some suppliers by direct debitie., Utility suppliers We may enter into arrangements to pay a supplier bypercentage of a Gross amount – until the supply is complete We may makestaged payments to a supplier until the supply is complete We do not pay anysupplier without receipt of a statement (unless there is only one invoiceoutstanding)

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20263811%5%4 Jun 2026
H1 20253712%2%18 Dec 2025
H1 2023393%1%22 Sept 2023
H1 2023395%1%24 Mar 2023
H1 2022398%2%15 Sept 2022
H1 2022408%2%10 Mar 2022
H1 2021408%2%21 Sept 2021
H1 20214111%2%26 Mar 2021
H1 20204122%4%25 Sept 2020
H1 20204121%1%27 Mar 2020
H1 20194036%0%26 Sept 2019
H1 20194183%2%27 Mar 2019
H1 20183462%1%27 Sept 2018

Working-capital effect

What a 38-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 38-day vs a 7-day payment cycle.

≈ £15,000
of invoicing outstanding at any one time on a 38-day cycle — about £12,200 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average is steady — within about ±1 days period to period, around 38 days.
What's their typical pay point?
Their latest reports average around day 38, moving within about ±1 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Michael I Holdsworth Limited (free)

Their next payment report is due ≈ 26 Sept 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02027459 · latest period to 28 Feb 2026

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